Paulsen has tried to distance himself from the President on issues like trade, where he has been sharply critical of Trump’s tariff proposals.

Phillips’ family started Phillips Distilling Co., a Minneapolis company that created Phillips Vodka and Prairie Organic Spirits. He also owned Talenti Gelato. He has sold both of those businesses and in recent years has worked on philanthropic issues and co-founded Penny’s Coffee, a Minneapolis coffee shop near downtown.